Real Estate Market

November 2011 Lane County Residential Market Highlights

November Residential Highlights

While closed sales in Greater Lane County declined in November 2011 when compared to November of last year, both pending sales and new listings saw a rise in activity.

Comparing November 2010 with November 2011 shows closed sales went down 7.8%, while pending sales increased by 9.8%. There was a marginal rise of 0.6% newly listed residential properties. See residential highlights table below.

A month-to month comparison of October 2011 with November 2011 shows that closed sales fell from 239 to 214 -10.5%). Pending sales went down from 278 to 224 (-19.4%). New listings also fell from 335 to 328 (-2.1%).

At the month’s rate of sales, the 1,761 active residential listings would last approximately 8.2 months.

Sale Prices

Comparing November 2010 to November 2011, the average sale price fell by 5.5%. The median sale price also decreased by 8.1%. A comparison of October 2011 to November 2011 shows the average sale price went down from $197,000 to $191,700 (-2.7%). The median sale price grew by 0.3%, rising from $165,000 to $165,500.

Year-to-Date

Comparing January-November 2010 with the same period of 2011 shows closed sales fell by 3.8% (2,785 v. 2,680). Pending sales declined by 2.4% (2,924 v. 2,855), while new listings went down 20.5% (6,233 v. 4,955).

A Local Military Family to Get a Home for Christmas

Saint Vincent de Paul prepares second home for Veteran family...

EUGENE, Ore. (KMTR) – Volunteers spent Saturday making sure a Lane County military family has an unforgettable Christmas. A second home is near completion as part of Saint Vincent de Paul’s “Vets Housing Project.” The house they are working on is located on 39th and Hilyard in south Eugene. It sat vacant for nearly a decade and was foreclosed on by Lane County due to property taxes. Local businesses, contractors and volunteers donated tens of thousands of dollars in labor and materials to remodel it. Before the work, the exterior walls of the house were covered with ivy, so much of it that neighbors called it "the ghost house." Inside, contractors took the house down to the studs, replacing nearly everything inside. "Watching all of the volunteers willing to give up their Saturday morning to come out here an actually have fun working on this together. I'm just really proud of the community. In these economic times, they still find time to donate their time, products and everything else to this,” said Ed McMahon, Vice President of the Lane County Home Builders Association. Saint Vincent de Paul will rent the home to a returning military veteran family within the next few weeks.

Happy Holidays

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